Finance Leases guarantee ownership
Finance leases are generally used for assets that have a life beyond the term of the lease agreement. Our customers normally choose a Team Leasing finance lease where they are looking for tax deductibility combined with a desire to purchase the asset at the end of the agreement for the residual value. Residual values can also be refinanced for a further period, if desired, so the lump sum payment does not need to be met from your cash flow.
If you need a tailored finance lease for your business, apply now or contact us online or call us on 1300 798 977 and learn how Team Leasing can help your business grow.
Features of a Team Leasing finance lease
Team Leasing finance leases offer more than guaranteed ownership:
- Ownership is guaranteed after payment of the agreed residual value at the end of the term
- Is “on balance sheet” with both the asset and the liability detailed on the balance sheet
- Payments can be structured
- Residual values are guided by ATO (Australian Taxation Office) schedules
- Amount financed is net of GST and GST is raised on the lease rentals
Benefits of a Team Leasing finance lease
There are many financial benefits of a Team Leasing finance lease:
- Payments are fully tax deductible if the equipment is used for business
- Deposits are not required
- Manage your working capital better
- Payments are fixed for the term of the agreement giving you certainty for budgeting purposes
- The residual value will lower your payments during the term